Technicas and Petrofac win gas plant contract
Spain’s Tecnicas Reunidas and Britain’s Petrofac have been awarded contracts worth $4.7bn to build the Fadhili gas plant in Saudi Arabia for state oil company Saudi Aramco, industry sources revealed on Tuesday, 15 September, 2015.
“They received notification last week; a letter of intent,” said one of the sources, who declined to be identified as the information isn’t public.
Petrofac and Tecnicas declined to comment. While, Saudi Aramco said it does not comment on its business plans, Arabian Business reported.
Aramco’s decision to move ahead with the project at Fadhili is a sign that Saudi Arabia continues to make big investments – despite the plunge in oil prices since last year.
The project is split into three construction packages for the gas processing unit, utilities and offsite facilities such as nitrogen, steam, power and water systems, and sulphur recovery.
Tecnicas bid for two of the packages on its own, and for the third in conjunction with South Korea’s GS Engineering and Construction, according to a second industry source.
The Spanish firm won the two packages in which it bid solo: for the gas processing unit and the utilities and offsite, the first industry source and a separate source revealed.
Three sources confirmed that Petrofac won the package for sulphur recovery.
Link and Source: Construction Week Online